The Time-Varying Long-Run Unemployment Rate: The Case Colombian

The long-run component of the Colombian unemployment rate is estimated for the last twenty years. According to the results, the main determinants of the permanent component of the unemployment rate are the real hourly wage, the non-wage labor costs and the rate of capital accumulation. Given the statistical properties of the variables, a cointegration approach was adopted.

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Year of publication:	2006-03-30
Authors:	Arango, Luis Eduardo ; Posada, Carlos Esteban
Institutions:	BANCO DE LA REPÚBLICA
Subject:	Unemployment rate \| labor costs \| capital accumulation \| cointegration

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Series:	BORRADORES DE ECONOMIA.
Type of publication:	Book / Working Paper
Language:	English
Notes:	1 pages long
Classification:	J32 - Nonwage Labor Costs and Benefits; Private Pensions ; J23 - Employment Determination; Job Creation; Demand for Labor; Self-Employment ; J60 - Mobility, Unemployment, and Vacancies. General ; E24 - Employment; Unemployment; Wages
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005597680